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In cosmetics, jojoba oil is employed for providing skin protection and prevent aging, resulting in its increased penetration in different cosmetics such as sunscreens, lotions, skin creams, moisturizers, lipsticks, and balms. In pharmaceuticals, it is utilized as a carrier for medicinal formulae, antibiotics stabilizer, and appetite depressant. Jojoba oil is also used as foam control agent, electric insulator, transformer oil, plasticizer, factice, adhesive, and more, owing to its various characteristics such as great viscosity index, compatibility with additives, and miscibility in mineral oil base stocks. Apart from that, it plays a major role as lubricant in various high temperature and pressure applications such as hydraulics. Moreover, it acts as transformer oil, grading, and cutting oil as well.

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Jojoba, native to the hot arid areas of Northern Mexico and South Western U.S., is a perennial shrub. The seed from jojoba plant consists of 45 to 55% oil or liquid wax having chemical properties similar to the body fat obtained from sperm whale. This oil is suitable to be mainly used in cosmetics, waxes, and high pressure lubricants.

Huge demand in cosmetics industry and rise in application in herbal medicines drive the market. Also, high industrial growth rate in emerging economies supports the jojoba oil market expansion. Besides, guidelines from regulatory bodies such as EPA and REACH is another factor that results in consumer preference for organic personal care products, subsequently, driving the market. However, lack of commercialization of jojoba oil is anticipated to hamper the market growth.

The report segments the jojoba oil market on the basis of grade, application, and geography. Based on grade, the market is divided into winterised jojoba and lite or bleached jojoba. By application, the market is classified into cosmetics, pharmaceutical, industrial, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Comprehensive Competitive Analysis And Profiles Of Major Market Players Provided In The Report Are:

• Desert Whale Jojoba Company
• Eco Oil Argentina SA
• Purcell Jojoba International
• Egyptian Natural Oil Co.
• The Jojoba Company
• Inca Oil SA
• W. Ulrich GMBH
• Earth Expo Company
• El Baraka For Natural Oils
• Sivkin Butik

Key Benefits

• This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global jojoba oil market.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• Detailed analysis of the industry based on the grade and application help understand the potential application.
• Porters Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework.

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Jojoba Oil Market Key Segments:

By Grade

• Winterised Jojoba
• Lite Jojoba (Bleached Jojoba)

By Application

• Cosmetics
• Pharmaceutical
• Industrial
• Others

By Geography

North America

• U.S.
• Canada
• Mexico

Europe

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

LAMEA

• Brazil
• South Africa
• Argentina
• Turkey
• Rest of LAMEA

Reasons to Buy this Jojoba Oil Market Report:

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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the global blanking machine market size was valued at $0.92 billion in 2020, and is expected to reach $1.45 billion by 2030, with a CAGR of 4.2% from 2021 to 2030. In 2020, Asia-Pacific dominated the market, in terms of revenue, accounting for around 45.10% share of the global market.

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Developments in automotive, aerospace, and defense sectors and economic growth drive the growth of the market. However, fluctuation in raw material prices is anticipated to hamper the growth of the global blanking machine.

Blanking machines are used for cutting or blanking relatively soft delicate materials such as paper, metal, and fabric. They can be also used to cut hard materials such as sponge, function films, plywood, and rubber. Blanking machine is adopted in machining operations, owing to precision control, smooth machining operation, maintain balance, and avoid positioning error. These factors fuel the blanking machine market growth.

Major players such as Precision Surfacing Solutions, Komori Corporation, and others launched new blanking machine to the market. For instance, in January 2020, Komori Corporation has developed new auto pile turner Apressia AT120H at a private show in Japan. It is best suitable for blanking machines. It has a maximum stack height of 2,000 mm. It has pallet clamp function that enables pallet and paper centering option. It has features such as easy touch panel operation, sound safety measures, and machine support.

Various manufacturers in the blanking machine manufacturers had to shut down their businesses activities due to the lockdown initiated in countries such as UAE, India, Brazil, and others. This break has directly impacted the sales of blanking machine manufacturing companies globally. For instance, the net sales of AMADA Co Ltd dropped by 19.8% from March 2020 to March 2021.

In addition, lack of raw materials, disruption in supply chain, and lack of man power halted the supply chain of blanking machine products. However, the re-initiation of the blanking machine industry and availability of vaccines for coronavirus disease are projected to lead to the opening of the global blanking machine at their full-scale capacities.

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The blanking machine market is segmented on the basis of product type, material, end user, and region. On the basis of product type, the market is divided into hydraulic, pneumatic, and mechanical. Mechanical segment generated the highest revenue in 2020. On the basis of material, the market is classified into steel, aluminum, alloy, and others. Steel segment dominated the market in 2020. On the basis of end user, the market is categorized into automobile industry, aerospace industry, home applications, and others. Automobile segment generated the highest revenue in 2020.

Region wise, the global blanking machine market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global blanking machine market share, and is anticipated to secure a leading position during the forecast period.

Key Findings Of The Study

By product type, mechanical segment was the largest revenue generator in 2020.
By material, steel segment generated the highest revenue in 2020.
By end user, the automobile accounted for the highest revenue in 2020.
By region, Asia-Pacific is anticipated to dominate the global blanking machine throughout the study period.

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The wind turbine market size was valued at $53.4 billion in 2020, and is projected to reach 98.4 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030. Wind turbines work on a simple principle, which is “instead of using electricity to make wind—use wind to make electricity”. Wind turns the propeller-like blades of a turbine around a rotor, which spins a generator, generating electricity. Wind is a form of solar energy produced by a combination of three concurrent events that are the sun unevenly heating the atmosphere, irregularities of the earth’s surface, and the rotation of the earth.

In addition, wind turbine converts wind energy into electricity using the aerodynamic force from the rotor blades, which work like an airplane wing or helicopter rotor blade. When wind flows across the blade, the air pressure on one side of the blade decreases. The difference in air pressure across the two sides of the blade creates both lift and drag. The force of the lift is stronger than the drag, causing the rotor to spin. The rotor connects to the generator, either directly (if it is a direct drive turbine) or through a shaft and a series of gears (a gearbox) that speeds up the rotation. This translation of aerodynamic force to rotation of a generator produces electricity.

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The factors that drive the wind turbine market growth are increase in awareness toward boosting green energy, rise in energy consumption across the globe, growth in installation flexibility, and cost & performance efficiency of wind turbine. However, rise in power infrastructure near sea shore areas led to increase in demand for wind turbines, acting as the major driving factor for the market. Furthermore, rise in environmental concerns and increase in research activities in the field of wind turbines are expected to provide a substantial growth opportunities in the future.

The global wind turbine industry is segmented on the basis of axis type, installation, component, application, and region. Depending on axis type, the market is categorized into horizontal and vertical. According to installation, it is divided into onshore and offshore. As per component, it is classified into rotator blade, gearbox, generator, nacell, and others. On the basis of application, it is fragmented into industrial, commercial, residential, and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The global wind turbine market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd., Ming Yang, Siemens, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., and Vestas Wind Systems A/S.

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COVID-19 Impact on the Market

• Wind power projects can be roughly divided into three phases that include planning, construction, and operations/maintenance. Sites suitable for wind farms are generally in sparsely populated areas and rare in cities with dense population. Project developers therefore need to make frequent visits to the project site from the initial planning and development phase to explain the project in advance to the local government, landowners, and other stakeholders, gain their assent, and move ahead with various procedures, including environmental assessments, grid access, and FiT program certification. However, when developers are unable to visit project sites due to restrictions on movement (travel) as is the case now, many procedures are delayed, negatively impacting the wind turbine market.
• The manufacturing of wind turbine was halted for a specific period due to COVID-19 situation, highly impacting the sales of wind turbine.
• Sales of wind turbine are directly proportional to the demand for wind power projects. Wind projects have been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in wind turbine.
• COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce. However, there is a sluggish decline in the global wind turbine market due to impact of COVID-19.
• Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using wind turbine, thereby affecting the global wind turbine market.
• According to the United Nations Industrial Development Organization(UNIDO), 30.0%–70.0% of pre-COVID-19 workforce of various industries and vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw material used in wind turbine. This is expected to decline the growth of the market during the forecast period.

Key Findings Of The Study

• According to axis type, vertical segment holds the largest wind turbine market share in 2020.
• Depending on installation, the on-shore segment accounted for the largest market share in 2020.
• As per component, the rotator blade segment accounted for the largest market share in 2020.
• By application, the industrial segment accounted for the largest market share in 2020
• Region wise, the Asia-Pacific accounted for the largest market share in 2020.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Microbial Fuel Cell Market Top Companies

The global microbial fuel cell market analysis include AFC Energy PLC, AVL group Bloom Energy, Ballard Power Systems, Ceres, Doosan Corporation, Fuel Cell Energy, Inc., Horizon Fuel Cell Technologies, Integer Holdings Corporation, Nedstack Fuel Cell Technology, Plug Power, Inc, and SFC Energy AG.

According to a new report published by Allied Market Research, titled, the microbial fuel cell market size was valued at $264.8 million in 2021, and is estimated to reach $425.2 million by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

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The mediator segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.2% from 2022 to 2031.

The power generation segment is anticipated to register the highest CAGR of 5.5% during the forecast period.

Asia-Pacific garnered the highest share of 35.19% in 2021, in terms of revenue, growing at a CAGR of 5.6%.

One of the areas for microbial fuel cells with the highest growth is the food and beverage sector. The food and beverage sector is a well-established industry in Europe and is regarded as one of the major economic drivers in the region.

The market is in a phase of development & growth and is expected to continue to see decent growth as a result of the widespread demand for renewable energy. The market for microbial fuel cells is primarily driven by increased energy demand and environmental consciousness.

MFC cleanses the water in wastewater treatment facilities though generating energy. When compared to conventional fuel cells, MFC, however, produces a minimal amount of power or electricity.

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Impact of COVID-19 on the global microbial fuel cell market

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The microbial fuel cell market has negative impact due to the COVID-19 pandemic, owing to the disruptions in the supply chain for various industrial products.

The outbreak of COVID-19 resulted in the shutdown of various manufacturing plants for a long period, especially in Europe, Asia-Pacific, and other regions due to which manufacturers have faced shortage in labor units, production losses, and the rising awareness regarding worker security, safety, and guidelines by government posed an additional challenge to resume their basic operations in manufacturing unit. In the first quarter of the pandemic, there is complete shutdown of food & beverage sector, manufacturing industry, and others due to the strict imposition of lockdown it has hindered the growth of microbial fuel cell market.

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Microbial fuel cell is a bio-electrochemical device that uses bacteria to generate electricity. A microbial fuel cell is a device that uses microorganisms to transform chemical energy into electrical energy. The microbial fuel cell possesses various properties such as electrical conductivity, resistance to corrosion, high mechanical strength, developed surface area, biocompatibility.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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the global beverage packaging market size is expected to reach $133.3 billion in 2026, from $86.1 billion in 2018, growing at a CAGR of 5.6% from 2019 to 2026. In 2018, Asia-Pacific dominated the market, in terms of revenue, accounting for over 39.4% share of the global beverage packaging market.

The beverage packaging process is an important part of the food and beverage industry. A well-designed package increases the shelf life, quality, and overall sales of the beverage. The beverage packaging utilized for alcoholic and non-alcoholic beverages are glass, metal, plastic, paperboard along with their combinations. The chemical composition of the beverage also helps in determining the type of packaging to be used.

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For instance, for carbonated beverages, the cans or bottles should be manufactured using non-corrosive materials to increase the life of the beverage and also maintain the food quality standards. The packaging manufacturers are adopting convenience packaging principles to boost the sales and thereby, drive the beverage packaging market growth.

Also, the declining drinking water qualities and increasing living standards are motivating the consumption of bottled water, which is propelling the market growth of beverages and beverage packaging industry. However, rising obesity problems in many developed countries, has made many governments to consider plain packaging for alcoholic and sugary drinks, which can restrain the market of beverage packaging during the forecast period.

The growing environmental problems due to plastic pollution has made it necessary to find alternatives for beverage packaging. In this context, the technological advancements in bio-plastics is projected to create growth opportunities for the market during the forecast period. Moreover, as per the beverage packaging market trends, the replacement of virgin plastic with recycled plastic or rPET is expected to create better opportunities for the beverage packaging companies to curb plastic pollution in the near future.

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Asia-Pacific accounted for the highest revenue in 2018 compared to other regions due to new innovations and technological advancements for plastic alternatives. In Asia-Pacific and LAMEA, the increasing consumption of bottled water and growing popularity of nutritional drinks is anticipated to boost the growth of beverage packaging in the near future.

The increased adoption of automation and internet of things (IoT) in beverage packaging has propelled the manufacturing capacities of major players. With the help of automation, packaging manufacturers are now able to maintain product qualities while also reducing the production time. Also, the constant research in the beverage packaging industry is boosting the growth of the market significantly.

The global beverage packaging market is segmented on the basis of packaging material, beverage type, packaging type, and region. By packaging material, the market is divided into glass, metal, polymers, and paperboard. By beverage type, it is classified into alcoholic beverages and non-alcoholic beverages. By packaging type, the market is classified into bottles, cans, cartons, and others. The others segment includes pouches and bag-in-box type of packaging. The bottles segment holds the highest contribution in the overall beverage packaging market share.

The global beverage packaging market is analyzed across four geographical regions that include North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

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Key Findings of the Beverage Packaging Market :

By beverage type, the non-alcoholic segment dominated the global beverage packaging market in 2018, in terms of revenue.

By packaging material, the plastic segment is expected to be the largest production material employed by the beverage packaging market players globally.

By packaging type, the bottles segment dominated the non-alcoholic beverages sector, in terms of usage.

By region, Asia-Pacific is projected to be one of the most dominant regions and is expected to witness a high growth rate during the forecast period.

The major players operating in the beverage packaging industry include Amcor plc, Ball Corporation, Crown Holdings, Inc, Mondi plc, Orora Limited,
Reynolds Group Holdings Limited, SIG Combibloc Group AG, Smurfit Kappa Group plc, Stora Enso Oyj, and Tetra Laval International S.A.

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The energy storage systems market size was valued at $188.5 billion in 2020, and is projected to reach $435.4 billion by 2030, growing at a CAGR of 8.3% from 2021 to 2030. Energy storage systems include major technologies employed to store various forms of energy. Increased focus on production of renewable energy globally fuels the market for energy storage systems. Major regions such as Asia-Pacific and North America develop strategies to install energy storage system that can efficiently store various forms of energy. Furthermore, massive investments are being made by local governing bodies to encourage energy storage worldwide, thus contributing toward the growth of the overall market. Moreover, the adoption of storage systems in the residential sector is expected to propel the market growth.

A focused analysis of the use of these technologies for applications such as grid storage and transportation explain the current and future scenario of the energy storage systems market. The report for energy storage systems market exclusively focuses on current energy storage systems market trends and future growth opportunities for commercially available technologies for energy storage systems such as pumped hydro storage, compressed air, sodium sulfur, lithium ion, lead acid, and others.

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The report further focuses on various end users of the energy storage systems, which include residential, non-residential, and utilities. Moreover, the report analyzes the current market trends of energy storage systems in different regions and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increasing the consumer acceptance in that region. The figures provided in this report are based on the demand or consumption quantity across type of technology, application, and end-users at country level. The market value and volumes are further derived by performing the bottom-up approach and considering the price trends.

Depending on the technology, the pumped hydro storage segment garnered the highest energy storage systems market share of about 95.8% in 2020, and is expected to maintain its dominance during the energy storage systems market forecast period. This is attributed to rise in demand for pumped hydro storage power generation across the globe. In addition, government initiatives toward renewable energy generation are expected to drive the growth of the market during the analyzed time frame. Moreover, surge in power consumption across the globe is projected to fuel energy storage systems market growth in the coming years.

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On the basis of end user, the utilities segment acquired the largest share in 2020, and is expected to maintain its dominance during the forecast period. This is attributed to increase in investment towards building of utility scale power plants. In addition, increase in construction projects such as decentralized renewable power plants, rural electrification projects and commercial buildings drive the growth of the market for the utilities segment across the globe.

On the basis of application, stationary segment held the largest share in 2020, and is expected to maintain its dominance during the forecast period. This growth is attributed to rapid expansion of heavy industries & projects such as dams, power plants, power grids, refineries, and mills. In addition, rise in the number of hydropower projects across the globe act as the key driving force of the stationary energy storage systems market.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the dominant share in 2020, and anticipated to maintain this trend during the forecast period. This is attributed to numerous factors such as presence of huge consumer base, rapid expansion of the renewable energy sector, rise in investment towards energy storage systems, and the existence of key players in the region. Moreover, presence of the countries such as China, Japan, India, Australia, and South Korea is anticipated to contribute toward the growth of the market in Asia-Pacific.

The global energy storage systems market analysis covers in-depth information of the major energy storage systems industry participants. The key players operating and profiled in the report include ABB, Ltd., BYD Company Limited, Delta Electronics, Inc., Electrovaya, EOS Energy Enterprises, General Electric, Langley Holdings Plc, Saft, Samsung SDI Co., Ltd., and the AES Corporation.

Other players operating in the energy storage systems market are Enerdel, Exergonix, Johnson Controls, East Penn Manufacturing Company, Langley Holdings Plc., and Kokam.

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COVID-19 impact on the market

Lockdown imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for energy storage systems from these consumers. In addition, halt in building & construction of new electric utility infrastructures, renewable power plants, grid network, and other power plants, owing to unavailability of workers and increase in demand–supply gap are projected to hamper the market growth during the pandemic period. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the energy storage systems market is expected to recover by the first quarter of 2021, as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.

Key Findings Of The Study

• In 2020, the pumped hydro storage segment accounted for about 95.8% of the share in the global market, and is expected to maintain its dominance till the end of the forecast period.
• In 2020, the battery energy storage systems segment is garnered 3.2% market share, and is anticipated to grow at a rate of 20.1% in terms of revenue.
• In 2020, the utilities segment exhibited a market share of 89.7%, and is anticipated to grow at a rate of 8.3% in terms of revenue.
• Transport is the rapidly growing application segment in the global energy storage systems market, and is expected to grow at a CAGR of 9.2% during 2021–2030.
• In 2020, Asia-Pacific dominated the global energy storage systems market with more than 44.7% of the share, in terms of revenue, and is expected to grow at the fastest rate, registering a CAGR of 8.5% throughout the forecast period.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

The global cryogenic pump market size was valued at $610.0 million in 2020, and is projected to reach $854.0 million by 2030, with expected CAGR of 3.4% from 2021 to 2030.Cryogenic pump is a vacuum pump that seize gases by condensation on a relatively cooler surface, which is at a low temperature. The efficiency of the pump majorly depends on the freezing and boiling points of the gases, which are to be transported. Cryogenic pumps find a wide range of applications in handling and transfer of cryogenic fluids such as oxygen, hydrogen, argon, nitrogen, and other liquefied hydrocarbons. The global cryogenic pumps market is projected to grow at a CAGR of 3.9% during the forecast period, owing to the fact that the use of cryogenic pumps is becoming important & inevitable. Moreover, increase in demand for liquid gases at rapid pace across several end-user industries accelerates the market growth.

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The global cryogenic pump market forecast is segmented on the basis of type, application, and end-use industry. As per type, it is classified into positive displacement pumps, kinetic pumps, and entrapment pumps. According to application, it is categorized into nitrogen, hydrogen, helium, Liquefied natural gas (LNG), and others. Depending on end-use industry, it is fragmented into healthcare industry, energy & power generation industry, electricals & electronics industry, metallurgy industry, chemicals, and others.  Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Atlas Copco AB, Ebara Corporation, Cryostar, Fives, Flowserve Corporation, Gemmecotti Srl, Nikkiso Co., Ltd., Ruhrpumpen, SHI Cryogenics Group, and Trillium Flow Technologies.

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The report focuses on the global cryogenic pump market analyis and the major types, gases, and applications where cryogenic pumps are deployed. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for cryogenic pumps in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

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Impact Of Covid-19 On The Global Cryogenic Pump Market Industry

• The COVID-19 pandemic has curtailed the movement of people, goods, and services across the globe, including most of the regions in which production of cryogenic pump is on large scale. As part of intensifying efforts to limit the spread of COVID-19, a number of local, state, and national governments imposed various restrictions on the conduct of business and travel, including stay-at-home orders and quarantines that led to significant number of business slowdowns and closures. The COVID-19 pandemic negatively impacted the market and is expected to continue to result in a substantial curtailment of business activities, including decrease in demand for variety of goods & services, weakened economic conditions, supply chain disruptions, significant economic uncertainty & volatility in the financial & commodity markets, including the reduction in global demand for oil & gas along with excessive supply of crude oil , due to disagreements between (Organization of the Petroleum Exporting Countries (OPEC), both in the U.S. and abroad. Furthermore, aforementioned activities led to decrease the demand of cryogenic pump and negatively impacted the whole market. 
• Manufacturing of cryogenic pump stopped for a specific period due to high peak of COVID-19, which highly impacted the sales of cryogenic pump.
• Sales of cryogenic pump are directly proportional to the demand for oil & gas. . COVID-19 outbreak negatively impacted oil & gas segment amid the lockdown imposed and recorded a huge decline in crude oil prices in 2020, due to the resumed overflow production, However, the continued upstream activities did not impact the demand for cryogenic pump.
• COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation, due to less workforce. Furthermore, there is a sluggish decline in the global cryogenic pump market due to impact of COVID-19. 
• Furthermore, import & export activities were significantly impacted, which, in turn, adversely affected the industries using cryogenic pump, thereby affecting the global cryogenic pump market share. 
• According to the United Nations Industrial Development Organization(UNIDO), 30.0%–70.0% of pre-COVID-19 workforce of various industries, including electrical and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw materials used in cryogenic pump. This is expected to hamper the growth of the market during the forecast period.

Key Findings Of The Study

• Depending on type, the kinetic pump segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
• As per application, LNG segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
• According to end-use industry, energy & power segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
• Region wise, North America region registered the highest market share and is projected to maintain the same during the forecast period. 

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.